Uniswap ready to fight for DeFi against SEC, Bitcoin Runes hype fades: Finance Redefined

Bitcoin (BTC) is the collateral asset of choice for the world's biggest decentralized stablecoin, and one of its top executives says there was no other.Speaking to Bloomberg on April 4, Do Kwon, co-founder of Blockchain protocol Terra, pledged to continue buying BTC to back the firm's stablecoin, TerraUSD (UST).Kwon: BTC buys will continue "in perpetuity"Terra…

Bitcoin (BTC) price crashed to $15,500 on Nov. 21, driving the price to its lowest level in two years. The 2-day-long correction totaled an 8% downtrend and wiped out $230 million worth of leverage long (buy) futures contracts. The price move gave the false impression to bears that a sub-$15,500 expiry on the Dec. 9 options…

The token, which has gotten a lot of attention for its interesting way of placating U.S. regulators, is now live for IMVU users in over 140 countries. 1414 Total views 12 Total shares IMVU's new fiat-convertible VCOIN goes live on the social network. Per a Jan. 12 company announcement shared with Cointelegraph, VCOIN is available for…

30 new blockchain adoption applications will be considered as part of the city's two-year plan. 1684 Total views 24 Total shares Authorities in Chengdu, China plan to adopt blockchain for several use cases throughout the city, including urban governance, cross-border trade, smart manufacturing, and agriculture.During the 2020 Chengdu Global Innovation and Entrepreneurship Fair, the city's…

Former SEC commissioner Troy Paredes was not the first to criticize the U.S. financial regulator’s lack of clarity on digital assets.

Several high-profile investment firms contributed to the funding round, suggesting interest in the space is far from waning any time soon. 406 Total views 26 Total shares Crypto and nonfungible token (NFT) ecosystem analytics firm BitsCrunch has secured $3.6 million in a funding round led by Animoca Brands, Coinbase Ventures, Crypto.com Capital, and others.BitsCrunch uses…

Editor’s noteLadies and gentlemen, it is bittersweet to welcome you to the final installment of Law Decoded, at least with yours truly at the helm. Though someone may pick this newsletter back up at some point, there are no plans to do so now.Taking advantage of the rose-tinted glasses or maybe the graduation goggles that…

Earlier this week, United States-regulated crypto derivatives and clearing platform LedgerX was reported to launch the first physically settled Bitcoin futures contracts in the country, therefore stealing a march on Bakkt and ErisX. However, the Commodities Futures Trading Commission (CFTC) soon refuted that information by stating that the exchange has not yet been properly cleared…

The U.S. state of Ohio has made a bid to position itself at the fore of blockchain innovation, according to remarks made at a recent press conference at the Ohio Statehouse August 23. A group comprising lawmakers, academics and figures from the business world were convened by Ohio House of Representatives Speaker Ryan Smith to…